World Bank
All us have heard about the World Bank and its institutions but haven’t you asked yourself
“What does the World Bank do?” at least once? If you are looking for a comprehensive summary of the World Bank and its functions, you have come to the right place as on our one of the most unbiased and comprehensive websites you can find all the necessary information on the World Bank, World Bank Group and what does the World Bank do.
The World Bank is not a bank in the common sense; it is a vital source of financial and technical assistance to developing countries around the world. The World Bank is made up of two unique development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in the World Bank mission of global poverty reduction and the improvement of living standards. The IBRD deals with middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Both World Bank institutions provide low-interest World Bank loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes in order to eliminate poverty in the world.
The World Bank came into formal existence on 27 December 1945 following international ratification of the Bretton Woods agreements. World Bank is also a part of the World Bank Group that is a family of five international organizations responsible for providing finance and advice to countries for the purposes of economic development and eliminating poverty. Apart from two above mentioned institutions, the World Bank Group also encompasses International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and International Centre for Settlement of Investment Disputes (ICSID). So if you are looking for the World Bank investment info, it is necessary to mention that investment in the private sector and providing insurance are the IFC and MIGA prerogatives.
World Bank operations include World Bank Fund Generation, World Bank Loans, World Bank Grants, World Bank Analytic and Advisory Services, World Bank Capacity Building the more detailed in formation on which you can find on the World Bank homepage. And the main distinctive feature of the World Bank is that it provides low or no interest loans and grants to countries that have unfavorable or no access to international credit markets. Unlike other financial institutions, World Bank does not operate for profit. The IBRD is market-based, and the World Bank uses its high credit rating to pass the low interest it pays for money on to its borrowers—developing countries.
The core mission of the World Bank as you have probably already seen is working for a world free of poverty and consists of several institutions responsible for each particular mission. If you need detailed information, say on World Bank jobs or World Bank investment info, you can find all the necessary data on the World Bank homepage but with the help of our website you can find the World Bank and its main functions review in order to be aware of all the world events, as those who possess the information – possess the secret of wealth.
